Hong Kong Developer Sells Asia’s Priciest Apartment at $59 Million
- Five-bedroom apartment sold for a record-breaking $59 million
- Transaction is set to attract buyer attention for the project
Hong Kong tycoon Victor Li’s CK Asset Holdings Ltd. sold a luxury apartment for a record-breaking HK$459 million ($59 million), another sign that the city’s upscale housing market is recovering.
The price for the five-bedroom apartment at the 21 Borrett Road project spanning 3,378 square feet (314 square meters) translates into HK$136,000 per square foot, sale materials show. It broke the record made by another luxury development in Mount Nicholson in 2017, making it the most expensive apartment in Asia, according to Bloomberg Intelligence.